Respected Experts
Can any Company get approval from ROC to issue Preference Shares for Rs 50 Crors when its Authorised Capital is Rs 1 Cror only
Thanks
Debashis Mandal

dear sir,
a client of us is having a company the status of which shows it as a dormant as they have not filled any form since 2006. now i want to make it active. i come to know that for 61 is required to be filled for it.

i want to know the detailed prcedure regarding the filling of form and attachments to be given. i also want to know that whether the balance sheets and annual returns of all the years are to be filled and if yes whether it is to be filled as soon as the form 61 us filled.

your valuable suggetions are expected. kindly also send copy of attachments to my e-mail as early as possible.
agarwalharish1986@gmail.com

Thanking you
harish agarwal

Dear Friends / Experts,


As per MCA General Circular 33/2011, it is mentioned that

..............some companies are filing only their event based information with the RoC without filing their up-to-date BS, P&L and AR.


Query

Is it that a company which has not filed its BS, P&L and AR for the FYE 31.03.10 shall be treated as DEFAULTING COMPANY ?


Ans : .................

What does the RoC mention of 'up-to-date' means - whether it includes FYE 31.03.11 ?

Ans : .................


Kindly clarify my above queries to make me understand the circular properly.

Thanks.

Director of Ltd company has applied for loan with NBFC. company is joining as co-applicant / guarantor to the loan.
Should the company get Central Govt clearance

I have a client in Building & Development line for which i had consulted a CS for forming a Pvt company. One of the 2 Directors who is investing all the funds is a Non Resident. the PSR is supposed to be 33% and 67%. But due to mistake by CS he made it 50-50% everywhere ROC, MOA. The MOA will also have to be submitted to High Court for permission for inflow of huge funds. Please suggest me the way out.

If i have issued capital of rs.100000(10000*10Rs. each share) having paid up value of Rs. 2 paid each share. And i want to increase my authorised capital to rs. 500000/- is then what would be the process? and which provisions will be applicable?

If a Pvt. Ltd. Co. issued share at less price then previously issued price.then what are the precautions that we have to take care of. for eg. A co's share price is Rs. 310/- (Rs. 10/- Face Value & Security Premium is Rs. 300/- per share), Now co. want to increase its paid capital at say Rs. 25/- per share(Rs. 10/- Face Value & Rs. 15/- security premium)

1.Can a Minor become director in company???

In module institute has said that minor cant as unable to contract under contract act,1872…but in privcacte ltd.co. if article permits , it is possible.

In Munish bhandari book …he said as director has to take DIN compulsory, and for DIN 18 year is a must so not possible……

What we should write in xam

2. can person inspect books of account on behalf of member??

Our icaimodule says..yes ifAOA permits…..in practice manual they have said yes ,if members resolution is passed…

what should we follow.....i have noticed so many cases when M. bhandari provision and ICAI provision conflicts.....even there is a conflit between MODULE vs Practise manualss....

We are two Director in a Private limited company. We want to add one more director in our board.

while filing form 32 for 3rd director, it is required to provide resolution number with date for authorization by BOD.

is it mandatory to file resolution copy for appointment of 3rd director? or
can i give any numeric no. as resolution no.?

I hve my Ca final atempt in nov 11 n m planning to do law from handbook + practise manual but my friends tell me not do do that but do the mainbook + handbook ? I just wanna know whether handbook + practise manual would be a good combination and would cover the entire syllabus and would it suffice as i feel handbook would cover all the concepts and by pratise manual i would come to know the way to present answers but stil afraid whether handbook may skip over some concepts...?